Caterpillar to Invest $100M on Workforce Development

    April 14, 2025
    Money is pledged over five years for training in technology skills.
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    Caterpillar has pledged $100 million over the next five years to help equip the workforce of the future with the skills needed, leveraging technology to meet global market demands as the world undergoes a rapid digital transformation.

    “This pledge reinforces our commitment to building a world where technology and human creativity can work hand in hand to create a more resilient workforce,” said Jim Umpleby, chairman/CEO. “Together, by empowering individuals with the skills and resources they need to thrive, we can make that world our reality.”   

    According to The Future of Jobs Report 2025, in the next five years, the skillsets needed for success in the global labor market are expected to evolve drastically, the company said. This transformation will result in the creation of 170 million new jobs. These technology-driven skills can include those for artificial intelligence (AI), automation, data analytics, digital twins, Internet of Things (IoT), machine language, augmented reality, computer-aid design and modeling, and robotics maintenance, alongside soft skills.

    “As an industry leader, Caterpillar understands the urgency of preparing the next generation with the capabilities required for the jobs of tomorrow,” said Jaime Mineart, CTO and pledge executive sponsor. “This pledge, our first of its kind, reflects our dedication to collaborating with our global stakeholders to devise the best training solutions.”